SOURCE: Izard Nobel LLP

March 02, 2009 18:55 ET

Izard Nobel LLP Announces Class Action Lawsuit Against Deutsche Bank AG

HARTFORD, CT--(Marketwire - March 2, 2009) - The law firm of Izard Nobel LLP, which has significant experience representing investors in prosecuting claims of securities fraud, announces that a lawsuit seeking class action status has been filed in the United States District Court for the Southern District of New York on behalf of those who acquired the 6.375% Noncumulative Trust Preferred Securities of Deutsche Bank Capital Funding Trust VIII ("6.375% Securities") (NYSE: DUA) and/or the 7.35% Noncumulative Trust Preferred Securities of Deutsche Bank Capital Funding Trust X ("7.35% Securities") (NYSE: DCE) (collectively, the "Securities") pursuant or traceable to registration statements and prospectuses (collectively, the "Registration Statements") issued in connection with the October 2006 and November 2007 offerings, respectively, of the Securities (the "Offerings").

The Complaint charges Deutsche Bank AG ("DB" or the "Company"), certain of its subsidiaries, officers, directors and underwriters violated federal securities laws. Specifically, the Registration Statements were materially false because they omitted the following: (i) DB failed to properly record provisions for credit losses, residential mortgage-backed securities, commercial real estate loans, and exposure to monoline insurers; (ii) The Company's internal controls were inadequate; (iii) DB's internal risk management systems were inadequate to limit DB's exposure to credit trading, equity derivatives, and proprietary equity trading; and (iv) DB would have to raise an additional EUR 10 billion by selling equity in the Company to the German government.

If you are a member of the class, you may, no later than April 27, 2009, request that the Court appoint you as lead plaintiff of the class. A lead plaintiff is a class member that acts on behalf of other class members in directing the litigation. Although your ability to share in any recovery is not affected by the decision whether or not to seek appointment as a lead plaintiff, lead plaintiffs make important decisions which could affect the overall recovery for class members.

While Izard Nobel LLP has not filed a lawsuit against the defendants, to view a copy of the Complaint initiating the class action or for more information about the case, and your rights, visit:, or contact Izard Nobel LLP toll-free: (800) 797-5499, or by e-mail: For more information about class action cases in general, please visit our website:

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